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China's crude oil output down 1.3% in May

Jun. 25, 2012 (China Knowledge) - China, the world's second-largest oil consumer, saw its crude oil output fall 1.3% YoY to 17.03 million metric tons in May this year, according to recent figures released by the National Development and Reform Commission.

In the first five months, the country's crude oil output dropped 1.4% YoY to 83.58 million metric tons.

China's crude oil imports rose 0.9% YoY to 20.82 million metric tons last month, taking its imports of crude oil to a total of 83.58 million metric tons in the first five months, 3.5% more than in the same period of last year.
The country processed 171.88 million metric tons of crude oil in the 5-month period, 0.5% more than that in the same period of 2011, and saw its output of oil products climb 3.1% YoY to 106.27 million metric tons.

The country's apparent consumption of oil products grew 2.2% YoY to 100.58 million metric tons in the first five months. The consumption of gasoline increased by 5.6% YoY, while that of diesel was unchanged compared with the same period of 2011.

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